Tag Archives: Median Sales Prices
Please note: I am curbing my use of the phrase “on fire” these days, when it pertains to homes. Should I slip, please catch me.
August home sales in North Texas surged by 27 percent last month, the biggest gain in more than a year. According to NTREIS, more than 6,800 pre-owned single-family homes sold last month. That’s just awesome. It was one of the highest totals recorded since those (cough cough) federal homebuying incentives ended in early 2010.
Update: At that Vail meeting with Kelcy warren et al, The Daily Beast is now reporting that the Koch brothers compared President Obama to Sadaam Hussein.
He is picking up money like crazy. On the Perry bandwagon now apparently is energy billionaire Kelcy Warren, he of pipeline magnate Energy Transfer Partners, and owner of one of the most expensive homes in Dallas: 5323 Park Lane. The former home of Joyce and Larry Lacerte has entertained, among others, former President George W. and Laura Bush, Senator Kay Bailey Hutchison, Jaap van Zweden, Prince Edward, Caroline Rose Hunt, among others, plus feted countless Dallas charity galas and pre-galas. 5323 was listed in 2008 for $45 million, then was lowered to just under $40 million. ( Zillow, in it’s infinite wisdom, had it “zestimated” at $26,063,000. Funny.) Warren snapped it up for just under $30 million-ish, and asked for an outside appraisal. Seller’s agent was precious Ralph Randall, Dave Perry-Miller & Associates. The buyer’s agent was Rosie Waters of Allie Beth Allman and Associates, who is married to football legend Charlie Waters, who I believe works or worked for Mr. Warren.
Like I’m serious. This is ridiculous. The real estate headline in yesterday’s Dallas Morning News says:
“Dallas-area home prices projected to inch lower in coming months”
Inch? Creep? Lean?
“Dallas-area home prices were down almost 5 percent from a year ago in the latest Case-Shiller Index data for May.”
Yes, Case-Shiller. Old data and doesn’t include new home or condo sales.
“And median sales prices of homes sold by agents in North Texas declined again in July. “
But Steve, you also just reported that sales increased 18% when those prices dipped!!!!!